Why Walmart Is Down Today

Walmart (WMT -1.10%) beat estimates for the quarter, but the retail giant warned of price hikes on the horizon because of tariffs.Investors are heeding the caution, sending Walmart shares down 3% as of 10:30 a.m. ET. Too much for even Walmart to absorbWalmart earned $0.61 per share on revenue of$165.6 billion in the quarter, topping Wall Street's $0.58 per share on$164 billion expectations and reporting revenue up 2.5% year over year. Global e-commerce sales were up 22% year over year, and membership inco ...